UK markets closed
  • FTSE 100

    7,204.55
    +14.25 (+0.20%)
     
  • FTSE 250

    22,931.66
    +14.61 (+0.06%)
     
  • AIM

    1,234.19
    -7.18 (-0.58%)
     
  • GBP/EUR

    1.1800
    -0.0061 (-0.51%)
     
  • GBP/USD

    1.3760
    -0.0036 (-0.26%)
     
  • BTC-GBP

    44,334.82
    -161.25 (-0.36%)
     
  • CMC Crypto 200

    1,453.34
    -49.69 (-3.31%)
     
  • S&P 500

    4,544.90
    -4.88 (-0.11%)
     
  • DOW

    35,677.02
    +73.94 (+0.21%)
     
  • CRUDE OIL

    83.98
    +1.48 (+1.79%)
     
  • GOLD FUTURES

    1,793.10
    +11.20 (+0.63%)
     
  • NIKKEI 225

    28,804.85
    +96.27 (+0.34%)
     
  • HANG SENG

    26,126.93
    +109.40 (+0.42%)
     
  • DAX

    15,542.98
    +70.42 (+0.46%)
     
  • CAC 40

    6,733.69
    +47.52 (+0.71%)
     

LVMH buys perfume company Officine Universelle Buly 1803

  • Oops!
    Something went wrong.
    Please try again later.
·1-min read
A LVMH luxury group logo is seen prior to the announcement of their 2019 results in Paris
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

PARIS (Reuters) - Luxury group LVMH has purchased French perfume and cosmetics company Officine Universelle Buly 1803 with an eye to expanding it abroad, adding to its sprawling empire of high end labels.

The purchase comes four years after the group's initial investment in the perfumer, through its minority investment fund LVMH Luxury Ventures, the group said in a statement.

The historic label was relaunched by Ramdane Touhami and Victoire de Taillac in 2014 and sells perfumes, scented candles and lacquered toothbrushes.

Financial details of the transaction were not provided.

(Reporting by Mimosa Spencer; Editing by Sonya Hepinstall)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting